Question: Please show calculations using excel Lan & Chen Technologies: Income Statements for Year Ending December 31 (Thousands of Dollars) 2020 2019 Sales $945,000 $900,000 Expenses
Please show calculations using excel
| Lan & Chen Technologies: Income Statements for Year Ending December 31 | |||||
| (Thousands of Dollars) | 2020 | 2019 | |||
| Sales | $945,000 | $900,000 | |||
| Expenses excluding depreciation and amortization | 812,700 | 774,000 | |||
| EBITDA | $132,300 | $126,000 | |||
| Depreciation and amortization | 33,100 | 31,500 | |||
| EBIT | $99,200 | $94,500 | |||
| Interest Expense | 10,470 | 8,600 | |||
| EBT | $88,730 | $85,900 | |||
| Taxes (40%) | 35,492 | 34,360 | |||
| Net income | $53,238 | $51,540 | |||
| Common dividends | $43,300 | $41,230 | |||
| Addition to retained earnings | $9,938 | $10,310 | |||
| Lan & Chen Technologies: December 31 Balance Sheets | |||||
| (Thousands of Dollars) | |||||
| Assets | 2020 | 2019 | |||
| Cash and cash equivalents | $47,250 | $45,000 | |||
| Short-term investments | 3,800 | 3,600 | |||
| Accounts Receivable | 283,500 | 270,000 | |||
| Inventories | 141,750 | 135,000 | |||
| Total current assets | $476,300 | $453,600 | |||
| Net fixed assets | 330,750 | 315,000 | |||
| Total assets | $807,050 | $768,600 | |||
| Liabilities and equity | |||||
| Accounts payable | $94,500 | $90,000 | |||
| Accruals | 47,250 | 45,000 | |||
| Notes payable | 26,262 | 9,000 | |||
| Total current liabilities | $168,012 | $144,000 | |||
| Long-term debt | 94,500 | 90,000 | |||
| Total liabilities | $262,512 | $234,000 | |||
| Common stock | 444,600 | 444,600 | |||
| Retained Earnings | 99,938 | 90,000 | |||
| Total common equity | $544,538 | $534,600 | |||
| Total liabilities and equity | $807,050 | $768,600 | |||
- Using the given financial statements , calculate the firm's AFN for the next year. Assume sales growth rate is 10%.
- Using the given financial statements , calculate the firm's self-supporting growth rate the next year. Assume sales growth rate is 10%.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
